yes it is a speculative risk.
The main cost in the financing business is the cost of bad debts.
Losing their business as a result of bad debts
Losing their business as a result of bad debts
Losing their business as a result of bad debts.
If you are using a Schedule C for your company, "bad debts" is a line-item on it.
Debit Bad Debts Credit Provisions for Bad Debts
The ISBN of Bad Debts is 0732258162.
Bad Debts was created in 1996.
Bad Debts has 297 pages.
. If they could not collect what they were owed, they went out of business.
[Debit] Bad debts [credit] accounts receivable
Bad debts DR Allowance for doubtful debt CR Some accounting practioners may use provison for doubtful debts instead of allowance for doubtful debts. Example of bad debts, suppose a customer was unable to pay their debts totalling $150. This will be the journal entry for the transaction: Bad debts 150 Allowance for doubtful debts 150